Kalshi to Require Employment Data for Certain Event Contracts
The prediction market platform will collect employment information from users placing bets on contracts tied to companies or economic indicators. The measure aims to reduce the risk of insider trading on its platform.
247wallst.comKalshi will require users to provide employment information before placing certain bets under a new policy designed to limit insider trading. The change applies to contracts linked to specific companies or economic data where an individual's job could give them access to non-public information.
Users will submit their employer name and job title when attempting to trade on affected contracts. The platform will review the data to determine whether the user's position creates a conflict. If a potential conflict is identified, the user may be blocked from trading on that contract. The requirement does not apply to all markets on the platform.
Implementation The policy is scheduled to take effect in the coming weeks.
Kalshi has not released further details on how the employment data will be stored or verified.
